55,080 Shares in CoreWeave Inc. $CRWV Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. purchased a new position in shares of CoreWeave Inc. (NASDAQ:CRWV) in the 4th quarter, Holdings Channel reports. The institutional investor purchased 55,080 shares of the company’s stock, valued at approximately $3,944,000.

A number of other hedge funds also recently added to or reduced their stakes in CRWV. Sivia Capital Partners LLC purchased a new position in CoreWeave in the second quarter valued at about $39,824,000. Quantbot Technologies LP purchased a new position in CoreWeave in the second quarter valued at about $311,000. Invesco Ltd. purchased a new position in CoreWeave in the second quarter valued at about $882,000. First Trust Advisors LP purchased a new position in CoreWeave in the second quarter valued at about $20,260,000. Finally, Baird Financial Group Inc. purchased a new position in CoreWeave in the second quarter valued at about $455,000.

Insider Activity

In related news, major shareholder Magnetar Financial Llc sold 112,111 shares of the firm’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $130.56, for a total transaction of $14,637,212.16. Following the sale, the insider owned 241,920 shares in the company, valued at approximately $31,585,075.20. This trade represents a 31.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Nitin Agrawal sold 5,508 shares of the firm’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $102.17, for a total transaction of $562,752.36. Following the sale, the chief financial officer owned 193,771 shares in the company, valued at approximately $19,797,583.07. This trade represents a 2.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 27,675,226 shares of company stock valued at $3,103,111,089 in the last 90 days.

Key CoreWeave News

Here are the key news stories impacting CoreWeave this week:

• Positive Sentiment: BNP Paribas Exane initiated coverage on CoreWeave with an Outperform rating and a $192 price target, adding fresh Wall Street support and implying meaningful upside from current levels. BNP Paribas Initiates Coverage on CoreWeave. That Means CRWV Stock Could Soar 71% from Here.
• Positive Sentiment: CoreWeave expanded long-term AI infrastructure deals with Anthropic and Meta Platforms, including a Meta contract running to around 2032, which supports the company’s revenue visibility and growth narrative. CoreWeave’s Long-Term AI Deals Reframe Growth And Risk For Investors
• Positive Sentiment: CoreWeave’s first successful deployment and validation of NVIDIA’s Vera Rubin NVL72 system reinforces its position as an early leader in next-generation AI cloud infrastructure. Why CoreWeave (CRWV) Is Up 18.3% After First NVIDIA Vera Rubin NVL72 Cloud Deployment
• Positive Sentiment: CoreWeave is set to join the Russell 3000, which can increase institutional visibility and potential index-related demand for shares. CoreWeave’s Long-Term AI Deals Reframe Growth And Risk For Investors
• Neutral Sentiment: Insider sales by the COO and a major shareholder may weigh on sentiment, but the transactions were disclosed and some were made under pre-arranged trading plans, so they are not necessarily a bearish signal by themselves. CoreWeave (NASDAQ:CRWV) COO Sachin Jain Sells 3,798 Shares
• Negative Sentiment: CoreWeave’s recent earnings still showed a loss and a miss versus expectations, reminding investors that the company remains heavily dependent on fast growth to justify its valuation. CoreWeave earnings and stock data

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Barclays increased their target price on shares of CoreWeave from $106.00 to $120.00 and gave the company an “equal weight” rating in a report on Monday, May 11th. Wells Fargo & Company increased their target price on shares of CoreWeave from $135.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $180.00 target price on shares of CoreWeave in a report on Friday, February 27th. Truist Financial increased their target price on shares of CoreWeave from $85.00 to $131.00 and gave the company a “hold” rating in a report on Friday, May 8th. Finally, Wolfe Research assumed coverage on shares of CoreWeave in a report on Thursday, April 16th. They issued an “outperform” rating and a $150.00 target price for the company. Twenty research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, CoreWeave presently has an average rating of “Moderate Buy” and a consensus target price of $131.52.

CoreWeave Trading Down 2.6%

Shares of CRWV opened at $108.03 on Friday. The company has a debt-to-equity ratio of 3.68, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a 50 day simple moving average of $105.34 and a 200-day simple moving average of $91.46. CoreWeave Inc. has a 1-year low of $63.80 and a 1-year high of $187.00. The stock has a market cap of $48.35 billion, a price-to-earnings ratio of -34.74 and a beta of 7.14.

CoreWeave (NASDAQ:CRWV) last announced its earnings results on Thursday, May 7th. The company reported ($1.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.17) by ($0.23). CoreWeave had a negative return on equity of 43.07% and a negative net margin of 25.57%.The firm had revenue of $2.08 billion for the quarter. During the same quarter in the prior year, the business posted ($0.60) EPS. The business’s revenue was up 111.6% compared to the same quarter last year. Equities analysts forecast that CoreWeave Inc. will post -4.57 EPS for the current fiscal year.

About CoreWeave

CoreWeave is a U.S.-based provider of GPU-accelerated cloud infrastructure designed to support compute-intensive workloads such as artificial intelligence, machine learning, visual effects rendering and other high-performance computing applications. The company supplies access to large fleets of modern GPUs and complementary infrastructure that enable customers to train and deploy large models, run inference at scale, and process graphics-heavy workloads with low latency and high throughput.

CoreWeave’s product offering includes on-demand and dedicated GPU instances, bare-metal servers, private clusters and managed services tailored for enterprise and developer use.